Atria Investments Inc Lowers Position in Deere & Company (NYSE:DE)

Atria Investments Inc decreased its holdings in Deere & Company (NYSE:DE - Free Report) by 19.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,579 shares of the industrial products company's stock after selling 2,752 shares during the quarter. Atria Investments Inc's holdings in Deere & Company were worth $4,832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mattern Wealth Management LLC lifted its holdings in Deere & Company by 1.3% during the third quarter. Mattern Wealth Management LLC now owns 1,884 shares of the industrial products company's stock valued at $786,000 after purchasing an additional 25 shares in the last quarter. Carret Asset Management LLC lifted its holdings in Deere & Company by 0.3% during the third quarter. Carret Asset Management LLC now owns 8,148 shares of the industrial products company's stock valued at $3,401,000 after purchasing an additional 25 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in Deere & Company by 2.3% during the second quarter. Centaurus Financial Inc. now owns 1,160 shares of the industrial products company's stock valued at $433,000 after purchasing an additional 26 shares in the last quarter. Cornell Pochily Investment Advisors Inc. lifted its holdings in Deere & Company by 0.7% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 3,495 shares of the industrial products company's stock valued at $1,459,000 after purchasing an additional 26 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its holdings in Deere & Company by 1.9% during the third quarter. Legacy Wealth Asset Management LLC now owns 1,385 shares of the industrial products company's stock valued at $578,000 after purchasing an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Analysts Set New Price Targets

DE has been the topic of several analyst reports. Bank of America lifted their price target on shares of Deere & Company from $400.00 to $410.00 and gave the company a "neutral" rating in a report on Friday, August 16th. Oppenheimer reduced their price objective on shares of Deere & Company from $465.00 to $448.00 and set an "outperform" rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Deere & Company from $360.00 to $420.00 and gave the company a "neutral" rating in a research report on Friday, October 11th. Truist Financial lifted their price objective on shares of Deere & Company from $443.00 to $496.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Finally, Evercore ISI lifted their price objective on shares of Deere & Company from $371.00 to $378.00 and gave the company an "in-line" rating in a research report on Monday, August 19th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $420.69.

Deere & Company Trading Down 1.1 %

DE stock traded down $4.30 during mid-day trading on Wednesday, reaching $389.45. 1,454,139 shares of the stock traded hands, compared to its average volume of 1,433,553. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. Deere & Company has a one year low of $340.20 and a one year high of $420.47. The stock has a market capitalization of $106.55 billion, a PE ratio of 13.33, a PEG ratio of 1.50 and a beta of 0.93. The business has a 50-day moving average price of $403.52 and a two-hundred day moving average price of $385.61.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share for the quarter, beating analysts' consensus estimates of $5.63 by $0.66. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The business had revenue of $11.39 billion for the quarter, compared to analysts' expectations of $10.94 billion. During the same quarter in the previous year, the business posted $10.20 earnings per share. The business's revenue was down 20.3% compared to the same quarter last year. Equities research analysts expect that Deere & Company will post 25 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Monday, September 30th. Deere & Company's dividend payout ratio is currently 20.06%.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.